Perspective of seasoned Vena adminitrator
December 30, 2023

Perspective of seasoned Vena adminitrator

Sundeep Baggam | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

We use Vena across our three operating divisions for Budget/Planning and Forecasting. We also use Vena to maintain corporate level Balanced Score card data with site level granularity for reporting and analytics.
  • Ease of use for end users as it is Excel based
  • Cloud based access, uses-role based security and utilizes SSO
  • Good ETL tools
  • Dependencies on Macros in Excel which is a limitation when using Web Excel.
  • Lacking ability to throttle updates to the Vena user webpage.
  • No out of the box reports for site level workflow activity updates.
  • Creating/updating report books can be cumbersome when you want to schedule or distribute reports to users.
  • Vena streamlined our budgeting process by providing single source to house all our planning data and documents.
  • Eliminated our need to maintain separate user accounts to access our Planning and Forecasting platform (SSO, integrated with our AD)
  • Eliminated the need for manual intervention when finalizing the Budget data inputs from an administrative support perspective.
Vena team, has been and continues to be a great partner, on our journey to implement new technology solutions to improve both efficiency and productivity across our organization.
We currently use Vena for our Forecasting process at Fiscal period level and are looking to expand that to week level to give our operators the ability to adjust multiple variables throughout the Fiscal year in order to achieve the desired P&L and contribution targets.

Do you think Vena delivers good value for the price?

Yes

Are you happy with Vena's feature set?

Yes

Did Vena live up to sales and marketing promises?

Yes

Did implementation of Vena go as expected?

Yes

Would you buy Vena again?

Yes

Well suited for both small and large organizations with multiple users with different roles for access. Easy to build and maintain multiple hierarchies, ease of ETL.

Vena Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
5
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
10
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
7
Pixel Perfect reports
9
Customizable dashboards
Not Rated
Report Formatting Templates
8
Drill-down analysis
9
Formatting capabilities
8
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
9
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
Pattern Recognition and Data Mining
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
Not Rated
Single Sign-On (SSO)
10
Responsive Design for Web Access
8
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated